The Second Step of Programming Is to Design the Program

question 201

Essay

The second step of programming is to design the program.Before the actual designing can start,algorithms must be developed.Describe what an algorithm is and give an example of one.

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Definitions:

Exchange Rate Risk

The potential for loss due to fluctuating foreign exchange rates affecting international financial transactions.

Forward Currency

A contract to exchange a specific amount of one currency for another at a future date and at a predetermined rate, used to hedge against currency risk.

Premium

An amount paid in addition to the standard or nominal cost, often associated with insurance, bonds, or the difference above a product's nominal value.

Spot Rate

The current market price at which a particular asset, such as currency, commodity, or security can be bought or sold for immediate delivery.